Nemes Rush Group LLC Has $23.34 Million Stock Position in Walmart Inc. (NYSE:WMT)

Nemes Rush Group LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 258,369 shares of the retailer’s stock after purchasing an additional 8,596 shares during the period. Walmart makes up about 2.9% of Nemes Rush Group LLC’s holdings, making the stock its 7th biggest position. Nemes Rush Group LLC’s holdings in Walmart were worth $23,344,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WMT. StoneX Group Inc. raised its holdings in Walmart by 66.3% during the 4th quarter. StoneX Group Inc. now owns 73,012 shares of the retailer’s stock valued at $6,606,000 after acquiring an additional 29,112 shares during the period. Tradewinds LLC. raised its stake in shares of Walmart by 1.8% during the 4th quarter. Tradewinds LLC. now owns 110,758 shares of the retailer’s stock valued at $10,007,000 after purchasing an additional 1,962 shares during the period. Roundview Capital LLC lifted its holdings in Walmart by 2.1% during the 4th quarter. Roundview Capital LLC now owns 126,554 shares of the retailer’s stock worth $11,434,000 after purchasing an additional 2,636 shares in the last quarter. Franklin Resources Inc. boosted its stake in Walmart by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock worth $3,796,129,000 after purchasing an additional 514,036 shares during the period. Finally, Scalar Gauge Management LLC grew its holdings in Walmart by 76.9% during the 4th quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer’s stock valued at $6,234,000 after buying an additional 30,000 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of Walmart stock opened at $87.94 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The business’s 50 day simple moving average is $94.54 and its two-hundred day simple moving average is $89.46. The stock has a market capitalization of $704.97 billion, a P/E ratio of 36.49, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.07%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This trade represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at approximately $32,891,867.94. The trade was a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 176,652 shares of company stock valued at $16,590,028 over the last ninety days. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Truist Financial upped their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Roth Mkm reissued a “buy” rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.